U.K. Construction Conglomerate’s Stock Offers Solid Foundation
Balfour Beatty’s management has improved the company’s profitability, dividends are increasing, and the stock is trading at a large discount.
| Previous Close |
|---|
| 7,282.34 |
| 5 Day |
|
| 1 Month |
|
| 3 Month |
|
| YTD |
|
| 1 Year |
|
Balfour Beatty’s management has improved the company’s profitability, dividends are increasing, and the stock is trading at a large discount.
The House of Lords has approved legislation aimed at blocking a no-deal Brexit, according to U.K. media reports. The legislation is now due to go to the Queen for royal assent.
Eminence Capital, a New York hedge fund that holds 4.4% of Just Eat stock, said it would vote against the food-delivery app’s merger with rival Takeaway.com
The British pound fell through the $1.20 level early on Tuesday on speculation Prime Minister Boris Johnson will call an election on Oct. 14. The pound traded at $1.1971 vs. $1.2067 on Monday.
The IHS Markit/CIPS U.K. manufacturing PMI fell in August to a seven-year low of 47.4, down from 48 in July. Econommists polled by FactSet expected a 48.3 reading. Any reading under 50 indicates contracting conditions. "The high levels of economic and political uncertainty pervasive across domestic and global markets continued to weigh heavily on the performance of UK manufacturing during August. Output volumes fell as intakes of new work contracted at the fastest pace for over seven years, while business optimism dropped to a series-record low," IHS Markit said.
European stocks slid on Friday as Italy descended into political chaos with Deputy Prime Minister Matteo Salvini calling for a snap election.
| Key U.S. | Last | Chg | Chg % |
|---|---|---|---|
| Dow Jones Industrial Average |
|
|
|
| NASDAQ Composite Index |
|
|
|
| S&P 500 Index |
|
|
|
| Russell 2000 Index |
|
|
|
| Other U.S. | Last | Chg | Chg % |
| Dow Jones Transportation Average |
|
|
|
| Dow Jones Utility Average Index |
|
|
|
| Dow Jones U.S. Total Stock Market Index |
|
|
|
| NASDAQ 100 Index (NASDAQ Calculation) |
|
|
|
| S&P 400 Mid Cap Index |
|
|
|
| NYSE Composite Index |
|
|
|
| Barron's 400 Index |
|
|
|
| CBOE Volatility Index |
|
|
|
| Global | Last | Chg | Chg % |
| Global Dow Realtime USD |
|
|
|
| Asia/Pacific | Last | Chg | Chg % |
| The Asia Dow Index USD |
|
|
|
| S&P/ASX 200 Benchmark Index |
|
|
|
| Shanghai Composite Index |
|
|
|
| Hang Seng Index |
|
|
|
| S&P BSE Sensex Index |
|
|
|
| NIKKEI 225 Index |
|
|
|
| FTSE Straits Times Index |
|
|
|
| Europe | Last | Chg | Chg % |
| STOXX Europe 50 Index |
|
|
|
| STOXX Europe 600 Index |
|
|
|
| CAC 40 Index |
|
|
|
| DAX |
|
|
|
| IBEX 35 Index |
|
|
|
| FTSE 100 Index |
|
|
|
| Americas | Last | Chg | Chg % |
| BOVESPA Index |
|
|
|
| S&P/TSX Composite Index |
|
|
|
| IPC Indice de Precios Y Cotizaciones |
|
|
|